Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 35% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 2 0.3 0
76k-100k 1 0.2 0
126k-150k 4 1 0.7 0
151k-175k 2 3 0.3 4
176k-200k 2 3 0.3 4
201k-225k 2 11 1 0.9 1.1
226k-250k 1 15 1 2.5 0.4
251k-275k 4 16 2 0.7 1.5
276k-300k 6 28 4 0.8 1.3
301k-325k 5 32 4 1.1 0.9
326k-350k 13 33 7 0.4 2.4
351k-375k 15 51 9 0.6 1.8
376k-400k 24 64 8 0.4 2.3
401k-425k 23 53 10 0.4 2.6
426k-450k 22 50 4 0.4 2.6
451k-475k 17 18 3 0.2 5.7
476k-500k 24 27 6 0.2 5.3
501k-550k 15 38 8 0.4 2.4
551k-600k 18 19 4 0.2 5.7
601k-650k 11 10 1 0.2 6.6
651k-700k 5 12 0.4 2.5
701k-750k 6 8 1 0.2 4.5
751k-800k 5 5 0.2 6
801k-850k 1 2 0.3 3
851k-900k 3 4 0.2 4.5
901k-950k 2 0.3 0
951k-1m 1 1 1 0.2 6
1m-1.1m 1 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 1 0.2 6

Townhouses 34% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 1 4 0.7 1.5
276k-300k 4 2 0.1 12
301k-325k 9 14 2 0.3 3.9
326k-350k 4 12 3 0.5 2
351k-375k 3 7 1 0.4 2.6
376k-400k 3 5 2 0.3 3.6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
151k-175k 1 0.2 0
201k-225k 1 1 0.2 6

Land 35% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 2 0.3 0
51k-75k 8 2 1.3 0
76k-100k 3 1 1 0.1 18
101k-125k 2 5 1 0.4 2.4
126k-150k 5 4 0.1 7.5
151k-175k 1 0
176k-200k 3 3 2 0.2 6
201k-225k 2 1 0.1 12
251k-275k 3 2 0.1 9
276k-300k 1 3 1 0.5 2
301k-325k 1 1 0.2 0
326k-350k 1 1 1 0.2 6
351k-375k 1 0
376k-400k 3 1 0.5 0
401k-425k 1 0.2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0.2 0
751k-800k 2 1 1 0.1 12
801k-850k 1 0.2 0
901k-950k 2 0
951k-1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0
4.5m-5m 1 0